for the year ended 31 March 2016
Dividends
The Telkom board declared an ordinary dividend of 270 cents per share on 6 June 2016
payable on 4 July 2016 to shareholders registered on 1 July 2016.
Employee share plan
During April 2016, Telkom purchased 3 710 126 shares from the market through Rossal for
the purposes of the Telkom Employee Share Plan.
BCX's acquisition of Relational Database Consulting (RDC)
Effective 1 April 2016 Business Connexion acquired Relational Database Consulting group
(Pty) Ltd (RDC). RDC is a market leader in database and system administration with a
strong focus on Oracle, SQL Server, MySQL and PostgreSQL on a variety of operating
systems. Their expanded range of services includes Oracle E-Business Suite, Oracle Fusion
Middleware, Oracle Solaris Support and Oracle Sales.
The total purchase consideration of R32 million was in the form of cash and earn out payments. The provisional fair value of the assets and liabilities were R23 million and R17 million respectively. A provisional goodwill of R26 million was recognised. The business combination was provisional and incomplete at the time the financial statements were authorised for issue.
Other matters
The directors are not aware of any other matter or circumstance since the financial year
ended 31 March 2016 and the date of this report, or otherwise dealt with in the financial
statements, which significantly affects the financial position of the group and the results of its
operations.